[R] DOT #1729 - Referendum #1729 - OpenGov proposal: Treasury USDT & USDC.
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Description

https://polkadot.subsquare.io/referenda/1729

  • Polkadot wants to buy USDT and USDC stablecoins.
  • They will trade DOT for stablecoins a little each day.
  • This helps the Treasury pay for things without worrying about price changes.
  • They will trade 1,320,000 DOT for USDT and the same for USDC.
  • Trades happen every 4 minutes using a tool called DCA.
  • Stablecoins go to the Polkadot Asset Hub when enough is collected.
  • The process takes about 183 days and costs a small fee.
Appendants
1
#1
13d ago

🟢 5 • 🔴 0 • ⚪️ 1
Vote #1: AYE
8 available members.
No CoI reported. DV delegation exercised.
https://polkadot.subscan.io/extrinsic/27624216-3
https://polkadot.subsquare.io/referenda/1729#3

Cast your votesingle
Results
Voters
8
one-person-one-vote
Information
Members
9
Timestamp
Created
Aug 27 2025 10:52
Start date
Aug 27 2025 00:00
End date
Oct 26 2025 00:00

Votes·8

167Y...TY9F
167Y...TY9F
167YoKNriVtP4Nxk9F9GRV7HTKu5VnxaRq1pKMANAnmmTY9F
Aye
Aye

Polkadot stables Cash flow source

12Hi...E9N3
12Hi...E9N3
12His7t3EJ38tjdBbivUzWQeaNCLKfMqtKp1Ed3xHMyCE9N3
Aye
Aye

Treasury needs stablecoins.

14Gn...YLEh
14Gn...YLEh
14Gn7SEmCgMX7Ukuppnw5TRjA7pao2HFpuJo39frB42tYLEh
Aye
Aye

I'm not loving the idea of further diluting the market with DOTs, but we need stables in the Treasury.

14gM...deVb
14gM...deVb
14gMJV95zwxUsFEZDSC8mtBVifS6SypKJkfBKANkMsLZdeVb
Abstain
Abstain

Not sure the impact and maybe there should be a cap about yearly stable spends.

15fT...yBzL
15fT...yBzL
15fTH34bbKGMUjF1bLmTqxPYgpg481imThwhWcQfCyktyBzL
Aye
Aye

Agree with the sell pressure from the DCAs, but the treasury needs stables. The strategy should be reviewed once the new OpenGov parameters are implemented into the runtime.

1ZSP...vx6w
1ZSP...vx6w
1ZSPR3zNg5Po3obkhXTPR95DepNBzBZ3CyomHXGHK9Uvx6w
Aye
Aye

DCA for stables makes things smoother for treasury spending by spreading out the sell impact.

12s6...nE8h
12s6...nE8h
12s6UMSSfE2bNxtYrJc6eeuZ7UxQnRpUzaAh1gPQrGNFnE8h
Aye
Aye

Polkadot treasury need stables, so we support this proposal.

13ED...KQbF
13ED...KQbF
13EDmaUe89xXocPppFmuoAZaCsckaJy3deAyVyiykk1zKQbF
Aye
Aye

Treasury always needs stables

Discussions·0

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Information
Members
9
Timestamp
Created
Aug 27 2025 10:52
Start date
Aug 27 2025 00:00
End date
Oct 26 2025 00:00
Results
Voters
8
one-person-one-vote
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